Page 5 - International Monetary Fund

Omicron effect: IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

On a calendar year basis, it projected India's GDP growth at 8.7 per cent in 2022 and 6.6 per cent in 2023

IMF calls for 'flexibility' being new year resolution of policy markers

The International Monetary Fund on Friday said the one new year resolution the policymakers globally should adopt is 'policy flexibility'

World Economy to lose $12.5 trn in output by 2024 due to Covid: IMF Chief

The world economy will lose $12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday.

Pakistan refuses IMF's proposal to renegotiate loan fearing new conditions

Pakistan FM Shaukat Tarin has said that he has refused to agree with the International Monetary Fund's new proposal to the cash-strapped country to renegotiate its loan programme

IMF asks Pakistan to renegotiate if it wants extension in loan programme

The International Monetary Fund has called on Pakistan to come talk and renegotiate the loan programme, if it intends to get the requested three weeks extension to implement prior committed actions.

IMF names UC Berkeley's Pierre-Olivier Gourinchas as next chief economist

French-born University of California-Berkeley economist Pierre-Olivier Gourinchas will replace Gita Gopinath as the Fund's next chief economist

IMF delays release of new forecast to factor in Covid developments

The International Monetary Fund will release its World Economic Outlook on Jan. 25, a week later than planned, to factor in Covid developments

S. Korea's economy expected to rank 10th largest for 3 straight yrs: IMF

South Korea's economy is projected to continue to rank the 10th largest for three straight years in 2022 in terms of nominal GDP, data from the International Monetary Fund have showed

Brazil sacks IMF office over estimate complaints, says 'not useful anymore'

Economy Minister Paulo Guedes said on Wednesday Brazil won't recognize the IMF's office starting from June 30, when the current representative is due to be replaced

Uncertainty remains about new variants as global economy recovers: Gopinath

Gopinath further said the pandemic has been aggravated by the recent advent of the Omicron variant of coronavirus

International Monetary Fund chief warns of 'digital Berlin Wall'

Georgieva also warned that the intensification of anti-competitive trends during the Covid-19 pandemic could reduce the level of GDP in advanced economies by 1 per cent in the medium term

Omicron can hit confidence, dent global growth projections: IMF chief

Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week, officials say, and many governments have tightened travel rules to try to keep it out

International Monetary Fund rejects Pakistan's borrowing request

The bank may purchase such securities in the secondary market, according to the draft

Pandemic resurgence slows recovery in Asia: IMF's Asia-Pacific Regional Economic Outlook

The growth projection for the Asia and Pacific region downgraded by more than 1 percentage point from April 2021 forecasts to 6.5%

Afghan economic woes could fuel refugee crisis for neighbours, warns IMF

Bordering Tajikistan has said it can't afford to take in many more refugees

Pakistan's rupee drops to record low on reports IMF tranche talks failed

Last month, Fitch Ratings revised down its forecasts for the Pakistani rupee for both this year and next due to a variety of factors

Some capital will flow out of India if US Fed does any tapering, warns IMF

Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact

Talks between Pak, IMF for $1 billion loan tranche inconclusive: report

The fresh rounds of talks for the release of loan tranche and a good economic certificate to the nation have remained inconclusive, according to the report

IMF commends India's 'swift, substantial' response to Covid-19 pandemic

The International Monetary Fund has commended Indian authorities' swift and substantial' response to the Covid-19 pandemic and noted that there is the possibility of 'a faster than expected recovery'

India offers spectrum of opportunities: FM Sitharaman tells CEOs

Sitharaman, 62, is currently in the American capital to attend the annual meetings of the International Monetary Fund and the World Bank